What if someone bought up all the existing maxcoins?

Maxcoin frequently asked questions.
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What if someone bought up all the existing maxcoins?

Post by Meconomy153 » Fri Jan 02, 2015 6:06 pm

Maxcoin markets are competitive -- meaning the price of a maxcoin will rise or fall depending on supply and demand at certain price levels. Only a fraction of maxcoins issued to date are found on the exchange markets for sale. But what if someone bought up all the existing maxcoins?

So even though technically, a buyer with lots of money could buy all the maxcoins offered for sale, unless those holding the rest of the maxcoins offer them for sale as well, even the wealthiest, most determined buyer can't get at them.

Additionally, new currency continues to be issued daily and will continue to do so for decades; though over time the rate at which they are issued declines to insignificant levels.

Those who are mining aren't obligated to sell their maxcoins so not all maxcoins will make it to the markets even.

This situation doesn't suggest, however, that the markets aren't vulnerable to price manipulation.

It doesn't take significant amounts of money to move the market price up or down, and thus maxcoin remains a volatile asset.

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